About this Show

The Journal Editorial Report

News/Business. Paul Gigot discusses news, politics, society and finance. New. (CC) (Stereo)

NETWORK

DURATION
00:30:00

RATING

SCANNED IN
San Francisco, CA, USA

SOURCE
Comcast Cable

TUNER
Virtual Ch. 760 (FOX NEWS HD)

VIDEO CODEC
mpeg2video

AUDIO CODEC
ac3

PIXEL WIDTH
1280

PIXEL HEIGHT
720

TOPIC FREQUENCY

Italy 3, America 2, France 2, Dan Mitchell 1, Staycation 1, Jaime Barnett 1, Trendline 1, Stouffer 1, Osha 1, Greece 1, Solyndra 1, Fox News 1, Obama 1, Jamie Barnett 1, Sec 1, Collor 1, Us 1, Gators 1, Washington 1, Oklahoma 1,
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  FOX News    The Journal Editorial Report    News/Business. Paul Gigot discusses news,  
   politics, society and finance. New. (CC) (Stereo)  

    December 9, 2012
    12:00 - 12:30pm PST  

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>> chris: since he died i have heard so many from you who have loved and lost pets. thank you for your kind messages. we like to think we take care of these wonderful little guys but once they are gone you realize it's the other way around. that is it for today. have a greater week and we'll see you next fox news sunday. 40 years back. what are we now? 9:00 p.m. sunday. fox news. relive the dream. dream again. >> the federal government will conduct a national test of the emergency alert system. >> you cannot avoid it. it is everywhere. john: does it make you feel safe the government spent 40 years studying the assault assault -- soap.
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do we need government to protect workers? >> absolutely. next? -- question. [laughter] >> good intentions and gone wrong. that is the show. tonight. john: politicians claimed they make life better to pass laws. they have good intentions but we should not judge by intention. politicians good intentions go wrong. work regulation. companies are not greedy they don't care about their workers but seems reasonable government has to protect them. almost everybody agrees. >> they should be protected. >> definitely.
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so many things could have been. corporations could be corrupt. the government should step been. john: that makes sense. so much beyond the workers' control. safety rules. what does a factory owner care? that is why we need occupational safety and health administration. it sets safety rules. they will show how the workplace deaths dropped since the beginning. thank goodness for government. except look at this graph. workplace death was dropped even before osha dropping just as fast. getting in front of the parade of bartending and leads it. things get better on their own the people don't get
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that. in european countries they write about high unemployment. those beloved worker protections are the reason they don't higher. they don't get that says our next guest on "wall street journal" reporter who reports on in europe and their work rules. from london, what do they get that we don't? >> european workers have the right to and protection of gainful unemployment. the minimum guaranteed staycation is 20 days paid not including weekend, additional time off , holidays. at france it starts at 25 per good european court of justice added on another to give a workers the right to to a vacation to over or
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give back. >> for instance it used the for two weeks for your christmas holiday and use brain drain gold and the last eight-- you are laid up that means they automatically go into your sickly youth then you could have the vacation do over to make up for those days that you weren't that sec or hurt. john: if you say i have they cold? they have to give you that back? >> if it is dead doctor's note to to say she got the sniffles so she will need another seven days of paid vacation. john: italy first.
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if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >> number 16 the next one
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must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> having 350,000 under severance pay but now just
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200,000. why hire somebody to pay that much to fire them? >> a very good question. to be sure that they want them. it is the decision not allot of employers are willing to make. john: i assume people cheat? >> lot of people cheat. they are expected and that is what keeps the inspector in business. it is easier and cheaper to bribe the inspector then goes to the motion to pay the taxes and declare an come and workers. john: singapore has a booming economy. no minimum-wage comment no
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laws against discrimination. if you fire, four weeks termination notice and unemployment is at 2%. >> you can start of business, flexible, hire and fire and it makes it attractive. john: thank you anne jolis and thank god we don't have those dumb laws. we have plenty. weird getting more and people want more like a guaranteed vacation. >> absolutely. we work too hard. france and italy six weeks is normal. john: america does not have mandatory vacation but we have 170,000 pages of federal rules and they keep passing more. it shows how america has recovered since the great
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depression. to sit out this graph from dan mitchell because of these rules add this up and the government spending, tax increase coming can understand when our entrepreneurs think i do not want to hire people then i want to keep my company small then i am stuck with a mandate. i am worried we become like you're up at the same ti that model is falling apart. john: we did have these laws but not as many. >> as much as seven like the regulated laissez-faire economy just make sure you
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have enough breathing room to prosper. over time if government grows faster than a private sector that wedge means the burden of gdp, it is not like one straw causes it to collapse, but there is a tipping point*. are we five years away from being greece or italy? twenty years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors
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contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds up to the bad situation. john: president bush says it to oklahoma you take care of things it is good for the economy. >> collor you create a housing bubble. those people were the ones that had to walk out onto the plank then we all fall into the shark infested waters 87 tax credits. >> sounds great. but from the tax code in 1913 only 14 pages we have warped into the 702000 page monster.
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more than 1,000 different forms to download. nobody understands. h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the
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government takes away benefits on the other end those who lose a living standard with $10,000 more in salaries. >> they play more in taxes and lose government benefits. >> earned income credit, of welfare benefits, medicaid, food stamps, housing assistance, you're on a treadmill. you are running harder and it goes backwards. think of the mmssage that since. they think i will not work as hard or get disability. john: in pennsylvania with $29,000 of income you are better to stay there than earning 55,000. >> i hope that is the
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exception. don't earn more because you lose the safety net. maybe that did not have disincentive we would not have our problem. john: it could antigen gone bad. the ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills.
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>> and nationwide test will begin any moment in. john: that is exciting. >> you cannot avoid it by flat being dead channel. it is everywhere. john: must be the federal government for good the emergency alert system starting with the system to warn as if the russians attacked. then we had the integrated public alert system that they can reach the public in 10 minutes. then taxpayers were built
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commercial mobile alert system so government can reach you on your cellphone. they say thank goodness. >> of course. when something is happening how else do we know? >> the general attitude is a year safer except have you ever been warned by anything? you often get warnings from us and radio stations of other threats but the emergency alert system? never. even on september 11 the system was not activated although it existed 60 years it was not tested until jaime barnett's said we should test it.
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you were the homeland security bureau chief and it had never been tested? >> was amazed. we had assist them part of the national preparedness and we know you don't expect what you don't inspect. i wrote a memo and sent it to the white house that resulted november 9th 2011. john: it could be the local station testing on its own. >> that is the fallacy. i assumed the whole test was being carried out. john: was a successful? >> we knew we could come up with what did not connect. and 90% could receive the signal and retransmit.
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john: how was that successful it is only a 19% of the main stations? >> it was to test where the problems were. >> you call that successful that must be a government definition because the private sector calls that a failure spurred by the federal government will conduct a test of the emergency alert system. >> it hit a few snags. >> of fox viewers heard nothing. >> direct tv cable viewers heard lady gaga play how is that day's success? >> my wife is a
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schoolteacher 90% get sunday in her class. god love the people who love lady gaga. that is a rule to say you could not have dead air. because of the back they thought we have to put in some music and she was a benefactor 57 i don't need to know the president is in charge but what to do. local media tells me. >> but it can't be done immediately. i think that is a legitimate it local news function but look to the earthquake up couple years ago that was
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not much damage. what if it wiped out york and washington? it will work when nothing else does. others would have been knocked off. john: you'll learn about it from tv and radio. i learned about it now. >> i have a battery operated radio. >> the anchor man says this happened. >> this is a boondoggle. and you guys never stop. >> make sure the public remains safe. >> 12 hours after the storm began it look like the
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emergency alert because take shelter now. 12 hours into the storm i am not personally directing it at you this is government thinking spend the money for a second to rate stuff. >> you mentioned of local alert. we have to and include training for emergency workers say you are right. 12 hours is not acceptable that was a failure but to still have dealer system i appreciate the fact i got the alert that said take cover. john: thank you jamie barnett.
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john: school is boring. those are students at a charter school. public-school is free of the rules and bureaucracy. some have used the freedom to do much better job. kids get high test scores and the school makes learning fun. >> reading his work but it is a rocking awesome. >> school is fun? >> they teach us

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